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Society Pass Shares Down 9%, Downtick Continues

Shares of Society Pass Inc. (SOPA) is currently slipping nearly 9% on Tuesday morning, as it downtick continues.

SOPA is currently trading at $5.76, down $0.54 or 8.53%, on the Nasdaq.

The Vietnamese e-commerce company's stock has surged over 150% in December after the company was added to the Russell 2000 index. However, the stock's value has nearly halved since December 23. Society Pass had gone public in November in a deal that raised $26 million.

Society Pass engages in the acquisition and operation of e-commerce platforms for consumers and merchants in Southeast Asia. The company's e-commerce interfaces include consumer facing segment comprising SoPa food & beverage App, SoPa.asia F&B Marketplace website, Leflair App, and Leflair Lifetyle Marketplace website.

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